Market Leader : Fungicides Market

Fungicides destroy those fungi that affect plants by damagingtheirtissues. They hinder metabolic processes of growing fungal organisms, these are eradicant fungicides. Protectant fungicides prevent fungal infections. They delay fungal growth or prevent the organisms from entering treated plants. They must be used before fungi reach the infection stage. Once a plant is infected, this fungicide will (normally) not kill the fungi inside the plant.

Triazoles are the most widely used in agriculture, and have contributed to the growth of the fungicide industry in the past decade. The fungicidesdemand has been gradually increasing with the increasing demand from the agricultural market. The competition within the fungicide industry in key growth regions will be increasingly fierce in the coming years as more and more players are entering the fungicides business.

Europe is one of the largest consumers of fungicides, owing to large land being under cultivation here. Owing to a stringent regulatory framework adopted by REACH (Registration, Evaluation, Authorization and Restriction of Chemicals), European fungicide manufacturers are forced to undertake extensive research and development to develop more environment-friendly fungicides, leading to massive product diversification.France is the biggest exporter of agricultural products in the European Union. France is the key producer of wheat, corn, and oilseeds in Europe. French farmers follow modern agricultural practices for crop production, due to which they are aware about anti-fungal treatments, which play a vital role in optimizing crop yield.